Oil rises above $88 despite ample US oil stocks

Oil rises above $88 despite ample US oil stocks Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 4:19 a.m., Thursday, December 6, 2012 BANGKOK (AP) — Oil prices rose Thursday despite disappointing retail sales figures in Europe and ample seasonal U.S. crude stocks as Syria's civil conflict.